The advisers to Prime Minister Fadi Al-Shammari confirmed the government’s intention to host the Arab summit with the aim of highlighting the important role of Iraq in the region, noting that Iraq with its new version and the urban renaissance it is witnessing represents a prominent position at the heart of the issues of the Arab and Islamic nation in terms of accelerating challenges and opportunities together.
Al-Shammari added in an interview followed by Mawazine News that “Iraq today represents a major axis of regional and international interactions, and its importance is reflected in its effective contributions to many Arab and global issues, through hosting important events and participating in international forums, which makes it a major player that contributes to shaping the future of the Arab nation.”
Regarding Iraq’s request to host the next Arab summit, Al-Shammari says that “the request reflects Iraq’s desire to contribute effectively to Arab affairs and enhance its role in enhancing cooperation and achieving development, and the security stability achieved by Iraq, which is a key factor to attract international and regional summits.”
Al-Shammari continued: “This request also highlights the regional role of Iraq as an influential regional player, and reflects its desire to strengthen its role as a mediator in issues of conflict and cooperation in the region, as well as opens up prospects for diplomatic communication, building closer relations between Iraq and Arab countries and enhancing economic cooperation.”
Article: "Finance: Completion of the implementation of the (QR) system for the validity of electronic receipts in various transactions"
THOSE ARE MECHANISMS OF THE MONETARY REFORM... BEING REVEALED...If this system is complete then Iraq has what it needs to float, to go International, to knock on FX. That's what this is...
To me that Baghdad dollar, which is the dollar in the black market, is going to have a huge drop, which is what we all want. When it does that in the parallel market it is possible it will take it to a 1 to 1 rate...It is possible it will float with other currencies...Then the basket will float the IQD to gain value via a supply and demand of the currency on international markets...
Al-Sudani is making an upcoming visit to Washington
2/21/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with US Ambassador Alina Romanowski, on Wednesday, the issues that will be raised during his upcoming visit to the United States.
During his meeting with Romanowski, according to a statement received by Shafaq News Agency, Al-Sudani discussed relations between the two countries and ways to strengthen them, and confirmed the continuation of bilateral dialogue rounds and the joint supreme military committee, concerned with organizing the end of the international coalition’s missions in Iraq.
The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and “the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,” according to the statement. LINK
Iraq's tourism could easily increase to over 10 billion US dollars a year, comparing it with Egypt's tourism.
The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar. Until this changes we have to find other ways to pull our profit out of Iraq. We can do this. I found one way and will discuss it in a an upcoming [post]...
There is an organized effort in Iraq to never revalue or increase the value of the currency abasing the US dollar or to provide profits for people in the west...Between the different factions within Iraq, revaluing their currency, even when they can afford it, may not be on their agenda...
Iraq is getting closer to a currency reset...Iraq's rail plans have investors worldwide watching carefully...The rail connection in Iraq from the Gulf to Europe will change Iraq's economy. This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system...Mexico's exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico...This is one of the major paths that can lead to a higher GDP and a higher value in the currency. The project is set to start in early 2025.
The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry. Iraq holds a significant amount of the world's history within its borders...What is needed is security and safety for travelers. Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq's GDP.
" Iraq's central bank revokes Iran's Bank Melli operating license" This article tells us the US is serious about not allowing Iran to have access to US dollars. It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.
Vietnam is making major financial news. Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month. The inflation rate is at a five month low of 3.7%. Overall Vietnam has green lights on all growth patterns...Vietnam knows precisely what to do to bring the value of its currency back into the line of profit...
Iraq and Russia are intensifying their cooperation to confront the scourge of corruption
The head of the Federal Integrity Commission, Haider Hanoun, announced the commission’s intention to twin with counterpart institutions in countries around the world, noting the long-standing experience of the Russian public prosecutor in the field of combating corruption and the possibility of transferring expertise from the two institutions and exchanging experiences.
During his meeting with the Prosecutor General of the Russian Federation (Igor Krasnov) in the capital, Moscow, Hanoun renewed the intention of the Iraqi regulatory agencies to partner with their counterparts in the Russian Federation, especially between the Authority and the Russian Prosecution, in addition to concluding a memorandum of understanding between the Iraqi Anti-Corruption Academy and the Public Prosecution University.
Russian, expressing the Authority’s desire to benefit from the experience of the Russian Public Prosecution and its university and to train the Authority’s staff there, in addition to inviting their experts to train and participate as lecturers in studying the professional higher diploma in specializations related to anti-corruption announced by the Academy.
For his part, the Russian Attorney General (Igor Krasnov) noted the strengthening of relations between the Republic of Iraq and the Russian Federation and its coincidence with the eightieth anniversary of the beginning of the relationship between the two countries, pointing out that one of the main components of cooperation between countries is unifying efforts in combating the most serious challenges, among which corruption occupies a special place. He stressed that he supports the efforts of the Iraqi Integrity Commission seeking to recover the fugitive defendants and the looted funds wherever they are found.
He pointed out that the signing of the memorandum of understanding between the two parties is of great importance in deepening and developing the relationship between the Office of the Prosecutor General in Russia and the Federal Integrity Commission in Iraq, expressing his readiness for further professional dialogue on any issues of common interest, even if they are not stipulated in the memorandum or the program. Cooperation, expressing its pleasure to see employees of the Republic of Iraq in short-term training courses, at its affiliated university, whether among its students or among the participants, welcoming the Authority’s call for Russian prosecution experts to contribute to training its staff in the Iraqi Anti-Corruption Academy.
During the meeting, a cooperation program was signed between the two parties, which will serve as a roadmap for implementing the terms of the memorandum over the next two years, which stipulates a full set of activities (workshops, meetings, and training courses). To exchange experiences in the field of international cooperation in the field of combating corruption, recovering the proceeds and proceeds of corruption crimes from abroad, forming national coordination committees to combat corruption, coordinating positions on multilateral international anti-corruption forums, and reviewing experiences in implementing legislation concerned with combating and preventing corruption, including those related to conflicts of corruption. interests, and financial disclosure.
The program also stipulated holding a round table meeting on the topic “Using modern digital technologies to combat corruption and holding training courses for the Authority’s employees by representatives of the General Prosecutor’s Office of the Russian Federation and the Public Prosecution University, as well as exchanging scientific and educational literature, periodicals and methodological materials on the topics of combating and preventing corruption.” link
